GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 55.50 points or 0.24% at 23,592 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 ended up by 36.75 points or 0.16% to settle at 23,537.85 while the BSE Sensex gained 131.18 points or 0.17% to 77,341.08.
“Markets stayed volatile ahead of this week’s monthly expiry, as key benchmark indices ended with modest gains after a sharp fall in early trades amid selective buying in auto, power and capital goods shares while selling in IT, metal and oil & gas pared gains. S…
Read moreThe benchmark equity indices were trading on a mixed note on Tuesday. The NSE Nifty was trading at 19,657.60 down merely 0.09%, while BSE Sensex was at 65,923.34, down 0.15% during the intra-day trade. Among the broader indices NIfty 100, Nifty 200 and Nifty 500 faced corrections, while the small caps stocks added gains. Bank Nifty index tumbled over 120 points to 44,637.95. Among the other sectoral indices, PSU Bank, Media and IT stocks tumbled while, Auto, Pharma, Metal, FMCG and Realty stocks posted gains.
The volatility in the market was high as the volatility index (VIX) soared over 2% during the intra-day trading session.
HDFC Bank, Cochin Shipyard, Reliance Industries, Eicher Motors and Bajaj Finance were among the most active stocks on the NSE.
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Read moreBy Siddhartha Khemka
In Samvat 2079 Indian equities touched the milestone of 20,000 in Sep’23 and ended the year (24th Oct 2022 – 30th Oct 2023) on a healthy note. Nifty-50 made a new high of 20,222 mark and gained 9% during the Samvat 2079. Nifty Midcap 100/Nifty Smallcap 100 sharply outperformed, rallying 26%/31% respectively. Resilient economic conditions, healthy corporate earnings, six straight months of FII inflows (Mar-Aug’23), all-time high SIP flows, and notable retail participation drove the overall market performance. Further, moderation in inflation and expectations of peak-out of global interest rates in the last few months supported equities.
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